Product Pricing Specialist

Key Accountabilities

- In charge of new products development including but not limit to:

+ Support on product design, product specs, implement competitors’ comparison, policy wording.

+ Prepare Pricing & Profit test assumptions.

+ Implement models for product pricing, profit test, illustrations, pricing/profit test documentation.

+ Prepare the technical note, tariff, explains to MOF for product approvals.

+ Work with DXC, IT and other Departments (OP, Sales, Fin and Legal) for setting up products into system, UAT.

- In charge of existing products development for various distribution channels, including but not limit to:

+ Provide Product Documentation such as Product Spec, Technical note.

+ Provide tools, spreadsheets to IT to support system development.

+ Work with DXC, IT and other Departments (OP, Sales, Fin and Legal) for setting up products into system.

+ UAT after IT development.

- Develop and maintain product pricing and profit test in the actuarial software.

- Maintain and updates current products to meet new regulation and business requirements.

- Back testing, Implement experience study on the Pricing assumptions, best estimates.

- Implement MOF ‘exercises in time (if required).

- Reinsurance tasks (relating to product developments).

- Participate in company projects relating product fields, profit assessment, maintain current partnership projects.

- Other ad-hoc jobs (Ex: Supporting Sales, OP, FIN on Sale Illustration, Sub-risk Letter, calculation the data from Core system, clarify IT requirements and supporting models, formulas,…) assigned by Line manager.

- Creating, revising procedures (product development procedures, profit test procedures, other procedures of Actuary Dept.)

Qualification & Experience Requirements

- Education: Bachelor’s Degree in Actuary Science, Mathematics

- Other required Degree, Professional Qualifications and Certifications: Pass 5 Actuarial Exams

- Technical/ Professional/ Specific Competency Requirements: Good ability in setting up a pricing model and profit test model

- Relevant Working Experience: 3 years of experience in product pricing

- Required Languages: Fluent in English

- Information technology/ Technical tools: Fluent in Excel, VBA, Actuarial Software

Personality Requirements

- Know well the self-responsibility and the scope of jobs, active in implementing the assigned responsibility and scope of jobs.

- Excellent numeracy, accuracy.

- Ability to work independently with minimum supervision.

- Demonstrated ability to communicate well with management, peers.

- Strong sense of responsibility.

- Ability to solve problems using sound judgment and analysis.

- Ability to handle multiple assignments communicating prioritizations to required levels.

- Client oriented attitude.

- Strategic and creative thinker.

- A deep understanding of economics and of the legislation relating to financial services.